Unum Group (NYSE:UNM) fell 5.4% on Thursday after an insider sold shares in the company. The stock traded as low as $47.84 and last traded at $47.87. 2,454,590 shares traded hands during trading, an increase of 28% from the average session volume of 1,918,700 shares. The stock had previously closed at $50.58.
Specifically, EVP Christopher J. Jerome sold 7,849 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $53.24, for a total transaction of $417,880.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Timothy Gerald Arnold sold 1,000 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $55.07, for a total value of $55,070.00. The disclosure for this sale can be found here. Insiders sold 26,896 shares of company stock worth $1,464,183 over the last 90 days. Company insiders own 0.53% of the company’s stock.
Several research firms recently weighed in on UNM. Royal Bank of Canada reiterated a “hold” rating and set a $54.00 target price on shares of Unum Group in a research report on Thursday, February 1st. Langen Mcalenn reiterated a “neutral” rating on shares of Unum Group in a research report on Tuesday, January 16th. Zacks Investment Research upgraded Unum Group from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Friday, January 12th. SunTrust Banks reiterated a “buy” rating and set a $69.00 target price on shares of Unum Group in a research report on Thursday, January 11th. Finally, Deutsche Bank began coverage on Unum Group in a research report on Tuesday, January 2nd. They set a “hold” rating and a $58.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $56.18.
Unum Group (NYSE:UNM) last released its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.84 billion. Unum Group had a return on equity of 10.43% and a net margin of 8.81%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business posted $0.99 EPS. analysts expect that Unum Group will post 5.17 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Stockholders of record on Monday, January 29th will be issued a $0.23 dividend. The ex-dividend date is Friday, January 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.87%. Unum Group’s dividend payout ratio (DPR) is 21.00%.
Several institutional investors have recently added to or reduced their stakes in UNM. Stifel Financial Corp grew its stake in shares of Unum Group by 34.9% in the second quarter. Stifel Financial Corp now owns 35,631 shares of the financial services provider’s stock valued at $1,660,000 after buying an additional 9,227 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Unum Group by 13.5% in the second quarter. HighTower Advisors LLC now owns 10,467 shares of the financial services provider’s stock valued at $487,000 after buying an additional 1,247 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of Unum Group by 11.9% in the second quarter. Macquarie Group Ltd. now owns 93,900 shares of the financial services provider’s stock valued at $4,379,000 after buying an additional 10,000 shares in the last quarter. Gotham Asset Management LLC grew its stake in shares of Unum Group by 0.8% in the second quarter. Gotham Asset Management LLC now owns 4,475 shares of the financial services provider’s stock valued at $209,000 after buying an additional 35 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Unum Group in the second quarter valued at about $489,000. Institutional investors own 91.60% of the company’s stock.
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About Unum Group
Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company’s products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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